9759 AL Highway 174 | Odenville, AL 35120
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- LoopNet Team
9759 AL Highway 174
Odenville, AL 35120
HANNAH RIDGE APARTMENTS · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- In-place mid-7% cap with clear path to Year 1 8%+ cap & double-digit Cash-on-Cash Returns
- 2008 Construction (All brick)
- Strong historical occupancy & collections – near 100% Individually metered for all utilities
- Latest leases achieving $895, presenting an immediate $57 average, organic rent increase
- All 2-bedroom units with W/D connections – All updated in past 2 years
- Located between I-20 & I-59, providing convenient access to major demand drivers in the Birmingham, AL MSA
PROPERTY FACTS
| No. Units | 24 | Building Size | 21,000 SF |
| Property Type | Multifamily | Average Occupancy | 59% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 2008 |
| Building Class | C | Parking Ratio | 2.19/1,000 SF |
| Lot Size | 19.00 AC | ||
| Zoning | None | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 19.00 AC |
| Building Size | 21,000 SF |
| Average Occupancy | 59% |
| No. Stories | 2 |
| Year Built | 2008 |
| Parking Ratio | 2.19/1,000 SF |
| Zoning | None |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 24 | - | 887 - 898 |
PROPERTY TAXES
| Parcel Number | 24-01-02-0-001-017.013 | Improvements Assessment | $440,808 |
| Land Assessment | $20,900 | Total Assessment | $461,708 |
PROPERTY TAXES
Parcel Number
24-01-02-0-001-017.013
Land Assessment
$20,900
Improvements Assessment
$440,808
Total Assessment
$461,708
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